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FRP Advisory LLP announces two Non-Executive appointments to its Board

4 October 2010

FRP Advisory LLP, one of the largest independent restructuring, recovery and insolvency firms in the UK, is pleased to announce the appointment of Mr Nigel Guy as Non-Executive Chairman to the Board and Mr David Adams as a Non-Executive Board Member, with immediate effect.

Nigel brings to the role significant experience of business leadership and corporate governance; a Chartered Accountant, he has more than 20 years’ experience as a private equity investor and his previous roles include Deputy Managing Director of Baird Capital Partners Europe Ltd and Director of 3i plc. During this time, Nigel has had significant exposure to the professional services sector in a client capacity. He also has a strong understanding of developing and growing businesses and, in particular, those like FRP Advisory, which have taken the route to independence through a management buy-out.

Nigel will remain a Non-Executive Director of CLVC Group Limited ("Ultralase"), the leading laser eye surgery group, and a Non-Executive Board Member of the Corporate Finance Faculty of the Institute of Chartered Accountants in England and Wales.

David is an independent consultant advising corporate clients and family-owned businesses on transactions, structural changes and governance and succession issues. Previously a Corporate Partner at leading London law firm Travers Smith, specialising in the small and mid-cap quoted and private markets, David was also the firm's International Partner and Marketing Partner. He brings more than 30 years’ business experience to the role and has extensive practical knowledge both as a partner of a professional services business and advising owner-managed businesses in areas including strategic reviews, deals, corporate transactions and restructuring.

Other positions currently held by David include Non-Executive Chairman of private property company St Pier Holdings Ltd and Non-Executive Director of two listed venture capital trusts – Spark VCT plc and Core IV VCT plc.

Commenting on both appointments, Geoff Rowley, Partner and Executive Board Member at FRP Advisory, said: "We are delighted that Nigel and David have joined the Board of FRP Advisory. With such distinguished careers in business, their advice will be invaluable in working with us as we continue to build for the future."

Nigel commented: "I very much look forward to working with the team at FRP Advisory. The firm has one of the broadest service offerings available for businesses and institutions operating in the mid-market, and it demonstrates a solid track record of delivering solutions to clients. Under the leadership of its strong management team, FRP Advisory is well positioned to continue to develop as a leading player in the restructuring, recovery and insolvency arena."

David added: "I am very excited to have joined the Board at FRP Advisory. Having worked with mid-market organisations for most of my career, this new role will enable me to contribute to the development and success of one of the UK’s leading restructuring, recovery and insolvency specialists."

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